Silo Wellness of Canada has announced plans to acquire NUGL Inc, which includes the Kaya ganja assets in Jamaica, in a deal valued at CDN$43.29 million or $4.8 billion in local currency. The share price of both entities increased 53 per cent at one...
The Jamaican government’s marketing arm for business investments, Jampro, plans to woo foreign technology firms by year end to partner with local participants in its Technology Innovation District accelerator project, referred to as TID. It is part...
Key Insurance Company made a profit from its investments but its core operating segments recorded losses in the second quarter. The general insurance provider made flat profit of $9.4 million for the April-June quarter compared to $9.7 million a...
The global economy this year is full of puzzling surprises. Japan’s GDP growth is currently surpassing that of China, and July retail sales in the United States were double the consensus forecast, despite the US Federal Reserve pursuing one of the...
Commerce Secretary of the United States Gina Raimondo said she rebuffed an appeal Tuesday by Chinese leaders to reduce US export controls on technology with possible military uses but the two governments agreed to have experts meet to discuss...
The Central Bank of Trinidad and Tobago, CBTT, says economic activity is expected to improve this year, bolstered by activity in both the energy and non-energy sectors. In its economic bulletin for July, the CBTT said natural gas supplies should...
The Antigua and Barbuda Workers Union, ABWU, wants the court-appointed administrator for the bankrupt regional airline, LIAT (1974) Limited, Cleveland Seaforth, to provide the public with an update on the future direction of the company. ABWU...
The Ministry of Agriculture, Fisheries and Mining opened a call for importers of chicken parts, specifically backs and necks, in August, amid a decline in the value of supplies procured from overseas. Trade in the cheap protein is sought after by...
The capital expansion programme for Norman Manley International Airport, NMIA, led by the upgrade of the runway and terminal store space, will resume following an agreement reached between operator PAC Kingston Airport Limited and the Jamaican...
US Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on United States export controls that frustrate Beijing and set up a group to discuss other commercial issues, but neither side appeared...
QUESTION: I am interested in knowing about private superannuation funds. Who owns the fund? Is the actuarial report on the fund to be shared with the contributing members and pensioners? – Neil FINANCIAL ADVISER: A superannuation fund is a...
Disruptive technologies are rarely welcomed by workers or others with a significant stake in the status quo. Innovation requires adaptation, and adaptation is costly. The resistance by powerful incumbents to revolutionary technologies has been a...
QUESTION: I have two loans paying back: one for my vehicle that I use for transport and one I took out for equipment. On the personal side, I also have a mortgage paying on my apartment. I know this might sound a way, like I never did the proper...
In 1984, Michael Replogle, the founder of the Institute for Transportation and Development Policy, ITDP, had a simple but novel idea as a response to the US-led bombing campaign of Nicaragua: “Send bikes, not bombs”. This form of humanitarian aid...
NCB Financial Group is restructuring its fintech subsidiary TFOB (2021) Limited, which trades as Lynk, resulting in job losses particularly among employees engaged as contractors. It is also likely to affect some department heads. NCB has not...
Digicel Group and its affiliates have started the legal process to reorganise the company and reduce the control of founder Denis O’Brien, new market filings show. The debt conversation transaction will result in nearly two-thirds of the voting...
Boeing and a key supplier say that a new manufacturing flaw could delay deliveries of the 737 Max, Boeing’s best-selling plane. Boeing and Spirit AeroSystems said they discovered improperly drilled fastener holes in the aft pressure bulkhead –...
An initiative implemented during the coronavirus pandemic as fillip to lost business is now being highlighted as the primary driver of growth for 138 Student Living Jamaica, 138SL, for the June third quarter even as business from student rentals...
In 2024, the Companies Office of Jamaica, COJ, will be upgrading its online portal to incorporate the filing of annual returns along with the supporting documents. Presently, the returns have to be filed in person at the Companies Office of Jamaica...
Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher. The United Arab Emirates,...
VM Investments Limited got whipped by monetary belt-tightening, and falling investor confidence, which pushed down its earnings by 94 per cent in the June quarter. Still the company said its team was “resolute” and would press ahead with growth...
Unicomer Jamaica will be introducing a new line of industrial-grade equipment for the Jamaican market through its retail subsidiary, Courts, which up to now has only catered to a consumer market with household furniture and appliances. The company...
The company approved as the purchaser of Mystic Mountain Limited, Northjam Island Tours Limited, is expected to pay US$13 million for the bankrupt business, the Financial Gleaner has learnt. The new owner is now expected to take over the business...
Bank of Jamaica has issued a statement clarifying its position on the potential impact of private-sector wage increases on inflation, following news reports on Wednesday. The full text follows: Bank of Jamaica takes this opportunity to...
We know that the future will be powered by metals, but it remains to be seen if those metals will be fenced in by iron curtains. After all, most critical minerals come from only a handful of countries: China controls nearly all heavy rare-earth...
